ABSTRACT
In general our teaching tends to lead us to employ two-valued thinking, the logic of dichotomy. A man is either sane or insane, guilty or not guilty. The market is either bullish or bearish.
Either/or is the hallmark of the careless thinking that seeks to simplify life to black/white perception. Simplistic thinking is a hindrance to intelligent analysis. More careful thinking will enable us to see that when most stocks are bullish some are bearish and act accordingly.
